1133 Forrest StBirminghamAL35217
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Birmingham at 1133 Forrest St, Birmingham, AL, 35217 priced at $103,300 converts $1,373/mo rent into $727/mo cash flow after a $506/mo obligation. Total monthly income equals $1,373/mo, and annual cash flow totals $8,722/yr on $34,244 invested. Return on cash invested prints 45.38% in year one, and rental yield reads 15.95% against a $103,300 entry. Equity gained on principal adds $667/yr, while 5% annual appreciation compiles into $28,540 by year five. Five-year ROI reaches 239.54% and total cumulative return in cash sums $82,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,373/mo property income covering a $506/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35217, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,910 (100%) |
| Owner Occupied HU | 2,400 (40.6%) |
| Renter Occupied HU | 2,508 (42.4%) |
| Vacant Housing Units | 1,002 (17.0%) |
| Median Home Value | $120,000 |
| Average Home Value | $230,202 |
Housing Distribution
Address Breakdown
Residential
5,368
Single Family
4,879
Multi-Family
489
Businesses
590
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Nearby investment properties with comparable prices
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